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TEXTON PROPERTY FUND LIMITED - Notification in terms of Section 45(5) of the Companies Act 71 of 2008

Release Date: 29/06/2020 17:39
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Notification in terms of Section 45(5) of  the Companies Act 71 of 2008

TEXTON PROPERTY FUND LIMITED
Granted REIT status by the JSE
Incorporated in the Republic of South Africa
(Registration number 2005/019302/06)
Share code: TEX ISIN: ZAE000190542
(“Texton” or “the Company”)

NOTIFICATION IN TERMS OF SECTION 45(5) OF THE COMPANIES ACT 71 OF 2008

Notice is hereby given that, in terms of the provisions of section 45(5) of the Companies Act, No 71 of
2008, as amended (“the Companies Act”) and pursuant to the special resolution passed at the annual
general meeting of the Company held on 21 November 2019 authorising the board of directors of the
Company (“the Board”) to provide direct or indirect financial assistance to related and inter-related
persons, the Board adopted a resolution on 17 June 2020 authorising the Company to provide financial
assistance in terms of section 45 of the Companies Act (“financial assistance”) to various subsidiaries.

In accordance with section 45(3)(b) of the Companies Act, the Board advises that it is satisfied and
acknowledges, in respect of the above-mentioned financial assistance, that:

a)   immediately after providing such financial assistance, the Company would have satisfied the
     solvency and liquidity test as provided for in section 4 of the Companies Act; and

b)   the terms under which such financial assistance has been given were deemed to be fair and
     reasonable to the Company.

By giving this notice, the Board is of the view that Texton and its group companies have complied
with the notice requirements of Section 45(5) of the Companies Act. Please note that no action is
required from shareholders as a result of this notification, which is purely for shareholders’ information
purposes and to ensure compliance with the Companies Act.


Johannesburg
29 June 2020

Sponsor
Merchantec Capital

Date: 29-06-2020 05:39:00
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